Best Credit Cards for Online Shopping

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Best Credit Cards for Online Shopping

Thursday, 08 December 2022 | Agencies

Best Credit Cards for Online Shopping

If you prefer online shopping over store visits, then you must get an online shopping credit card. These cards are designed to offer extra benefits on online purchases in the form of cashback, rewards or direct discount. Some of these cards are co-branded with popular shopping platforms like Flipkart and Amazon while others provide value-back across all categories and merchants.With so many options, it is difficult to decide which credit card is the best fit for you. To help you find your ideal card, Paisabazaar has collated a list of the best credit cards for online shopping that will help you save a considerable amount on your expenses.

  1. Flipkart Axis Bank Credit Card

As Flipkart and Myntra are among the most popular online shopping platforms in India, the first card in this list is Flipkart Axis Bank Credit Card. While the highest earning on the card is limited to these two platforms, you will earn generous cashback on some preferred merchants as well. The card offers 1.5% flat cashback on all other online and offline spends, making it one of the best cashback cards in India.

Annual Fee:Rs. 500 (Waived off on spending Rs. 2 Lakh in the preceding year)

Key Features:

  • 5% cashback on Flipkart and Myntra
  • 4% cashback on Cleartip, Tata Play, Cure.fit, Swiggy, PVR and Uber
  • 1.5% cashback on all other categories
  • Welcome benefits worth Rs. 1,100 fromFlipkart, Myntra and Swiggy
  • 4 complimentary domestic lounge visits every year

Should you get this card?

This credit card is a good option if you frequently shop online,especially with Flipkart, Myntra and other preferred merchants. On all other purchases, you will earn only 1.5% cashback. So, if you are looking for benefits only on Flipkart and Myntra for a low annual fee of Rs. 500, this could be a good option for you.

  1. Amazon Pay ICICI Credit Card

Another popular co-branded online shopping card is the Amazon Pay ICICI Credit Card. This is a great option for Amazon Prime members as they get the highest cashback of 5% on Amazon purchases whereas non-prime users get only 3% cashback on Amazon. This lifetime-free credit card is a must-have if you make most purchases via Amazon and wish to get generously rewarded for the same.

Annual Fee: Nil

Key Features:

  • 5% cashback on Amazon spends for Primemembers
  • 3% cashback on Amazon spends for Non-prime members
  • 2% cashback on transactions made for flight bookings, recharges, bill payments, gift card, and spends on Amazon Pay partner merchants
  • 1% cashback on all other transactions

Should you get this card?

This entry-level card is best suited for those who frequently make purchases on Amazon and are also Amazon Prime members, as they can save a considerable amount on their online purchases. However, the card offers a cashback rate of only 1% for other online and offline transactions which is quite low in comparison to other cards in this category.

  1. Cashback SBI Card

While the first two cards are co-branded with popular online shopping platforms, Cashback SBI Card offers cashback benefits on all online transactions without any merchant restrictions. Offline transactions and utility bill payments will also earn 1% cashback.

Annual Fee:Rs. 999 (Reversed on reaching annual spends of Rs. 2 Lakh)

Key Features:

  • 5% cashback on online spends without any merchant restriction
  • 1% cashback on offline spends and utility bill payments
  • 4 complimentary domestic airport lounge visits in a year (1 visit per quarter)
  • 1% fuel surcharge waiver across all petrol pumps in India, applicable on transactions between Rs. 500 to Rs. 3,000

Should you get this card?

The best feature of this card is its high cashback rate for all types of online purchases without any merchant restrictions. This makes it suitable for people who choose online shopping over offline purchases but do not want to limit their earnings to select brands. Though the annual fee is on the higher side, its benefits will easily surpass the fee, if the card is used judiciously.

  1. HDFC Millennia Credit Card

As the name suggests, this credit card is designed to meet the needs of millennials. This is a good option if you love to shop online and want to earn reward pointson your purchases. You can get up to 5% Cash Points on your online transactions and 1% cashback on other transactions via this credit card.

Annual Fee:Rs. 1,000 (Waived off on spending Rs. 1 Lakh in the preceding year)

Key Features:

  • 1,000 Cash Points on payment of the membership fee
  • Rs. 1,000 gift voucher on spending at least Rs. 1 lakh in each calendar quarter
  • 5% cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato
  • 1% cashback on all other spends (except fuel)
  • 8 complimentary domestic lounge access per calendar year (2 in a quarter)

Should you get this card?

HDFC Millennia Credit Card is a good option if you frequently shop online, especially from brands like Flipkart, Amazon, Myntra, etc.An important point to note is that this card does not give direct cashback; instead cardholders will get Cash Points which can be redeemed for flights and hotel bookings through the SmartBuy Portal or to get direct statement credit in 1:1 ratio. The conversion rate, however, will be lowered in case of travel bookings.

Suggested read: How to check your credit card application status?

  1. Standard Chartered DigiSmart Credit Card

Standard Chartered DigiSmart Credit Cardis a unique online shopping credit card that does not offer reward points or cashback but gives direct discount on select brands like Ola, Myntra, Blinkit, INOX, Zomato and Yatra.Also, instead of an annual fee, this credit card comes with a monthly fee of Rs. 49, which is waived off on spending Rs. 5,000 in a month.

Monthly Fee:Rs. 49 (Waived off on spending Rs. 5,000 in a month)

Key Features:

  • 20% off* on shopping via Myntra
  • 10% off* on grocery shopping from Blinkit
  • 10% discount* on Zomato with a maximum discount of Rs.150
  • BOGO offer* on movie tickets at INOX
  • Up to 25% off* on travel bookings via Yatra
  • 15% cashback* on Ola rides with a maximum cashback of Rs.600

*Terms and conditions apply

Should you get this card?

Standard Chartered DigiSmart Credit Card offers significant discount on multiple brands from travel, shopping and other categories. So, if you are a loyalist of any of the above-mentioned brands, then you should apply for this credit card. However, this card does not offer any benefits apart from those on the select brands, it would not be a good choice if you wish to get benefits on all kinds of online shopping.

So, these were some of the best credit cards for online shopping. Before choosing a credit card, you must analyze your spending habits and choose a card that matches your preferences and offers the highest cashback on your favourite categories.

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